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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2015
Dec. 31, 2014
Assets    
Cash and due from banks $ 15,796 $ 25,115
Federal funds sold 4,174 23,988
Total cash and cash equivalents 19,970 49,103
Investment securities available for sale 39,420 39,542
Loans held for sale 20,662 9,914
Loans    
Outstandings 301,629 286,146
Allowance for loan losses (5,567) (5,729)
Deferred fees and costs 1,060 722
Loans and Leases Receivable, Net Amount 297,122 281,139
Other real estate owned, net of valuation allowance 8,605 12,638
Assets held for sale 13,711 13,502
Premises and equipment, net 13,718 14,301
Bank owned life insurance 7,038 6,947
Accrued interest receivable 2,041 1,372
Other assets 5,779 5,546
Total assets 428,066 434,004
Deposits    
Noninterest bearing demand 74,482 77,496
Interest bearing 295,929 301,364
Total deposits 370,411 378,860
Federal Home Loan Bank advances 7,000 14,000
Long-term debt - trust preferred securities 8,764 8,764
Other borrowings 3,657 3,302
Accrued interest payable 1,254 1,167
Other liabilities 7,078 8,853
Total liabilities 398,164 414,946
Shareholders' equity    
Preferred stock, $4 par value, $1,000 liquidation preference,1,000,000 shares authorized; 5,715 shares issued and outstanding at June 30, 2015, 14,738 shares issued and oustanding at December 31, 2014 23 59
Common stock, $4 par value, 10,000,000 shares authorized; 1,403,647 shares issued and outstanding at June 30, 2015 350,622 shares issued and outstanding at December 31, 2014 5,553 1,339
Additional paid-in capital 58,417 58,188
Accumulated deficit (34,171) (40,539)
Common stock warrant 732 732
Stock in directors rabbi trust (1,034) (878)
Directors deferred fees obligation 1,034 878
Accumulated other comprehensive loss (652) (721)
Total shareholders' equity 29,902 19,058
Liabilities and Equity $ 428,066 $ 434,004